Australia Glaxosmithkline Novartis

The Australian Competition and Consumer Commission (ACCC) is taking subsidiaries of pharmaceutical giants GlaxoSmithKline (GSK) and Novartis to court over misleading marketing of the Voltaren Osteo Gel and Voltaren Emulgel pain relieving gels.

It is alleged that both firms claimed …

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Views on revised UK code: Companies may find the changes challenging

Despite its shorter length companies may find adapting to the UK’s revised corporate governance code challenging, business leaders and advisers suggested. However, there was broad support for the approach taken by the Financial Reporting Council (FRC) after it launched …

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corporate governance codes

The UK’s Financial Reporting Council (FRC) has proposed a revised corporate governance code which it said is “shorter and sharper” than the existing code and builds on its work into corporate culture last year.

The FRC said the revised code

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TPR ESG

UK pension fund trustees who want to fulfil their fiduciary duty should be able to implement their environmental, social and governance (ESG) policies and challenge their investment advisers on these issues according to The Pensions Regulator (TPR).

The regulator issued …

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FTSE 50 tax strategy

Most  UK FTSE 50 companies have yet to fully embrace new government regulation that requires large businesses to publish an annual UK tax strategy, according to a recent report by the Fair Tax Mark and the Local Authority Pension …

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Shariah governance

New corporate governance regulations will come into effect in Pakistan from 1st January 2018 after their approval by the country’s Securities and Exchange Commission. Pakistan’s Companies Act, 2017, has also been passed, which provided the country’s framework for corporate …

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shareholder rights

US institutional investors have written to the Securities and Exchange Commission (SEC), following a meeting with the financial regulator voicing their public support for the SEC’s Rule 14a-8 which provides them with the right to put forward resolutions at company …

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Hong Kong

The Hong Kong Stock Exchange is holding a consultation on a revised corporate governance code and changes to its listing rules.

The stock exchange said the review of the Hong Kong code was driven by a desire to raise the …

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SEC chairman Jay Clayton

The chairman of the US Securities and Exchange Commission (SEC) Jay Clayton has used a speech on governance and transparency at the PLI 49th Annual Institute on Securities Regulation in New York to propose that the regulator reviews the proxy …

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FRC climate "major review"

UK corporate reporting could still be improved through the disclosure of specific company rather than generic information according to the Financial Reporting Council (FRC).

In its annual review of corporate reporting, the FRC said disclosures by large listed UK …

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